Stories tagged with infoUSA
Gupta picks home-grown board members
By Laurie Bennett | July 16, 2007 at 7:23am | 1
While controversial tech entrepreneur Vinod Gupta
widely cultivates political alliances around the country, he stays
close to home when he picks board members for his Omaha-based company,
infoUSA.
Six of the company’s eight directors, including Gupta, have strong ties to Omaha or Nebraska, a Muckety analysis shows. A seventh is a name partner in a law firm that did more then $1 million in business with infoUSA last year.
Truly independent directors are a key to responsible corporate governance, experts say. If directors are too close to a CEO, they can’t properly oversee his actions.
Gupta’s lavish spending on his political connections, including naming buildings after Bill and Hillary Rodham Clinton in one of his India projects, have caused a backlash. Some infoUSA shareholders sued Gupta for wasting company money.
